Infrastructure Development Finance Corporation (IDFC) is looking to grow its loan book by over 20 per cent in the current financial year, with significant business from refinancing business.
IDFC is trading higher by 5% at Rs 121, extending its previous day’s 1.5% gain, after reporting a 16% year-on-year (y-o-y) growth in net profit at Rs 332 crore for the quarter ended March 2012, on back of strong growth in operational income.
India's Infrastructure Development and Finance Co is in the early stages of raising close to Rs 5,000-5,500 crore for a new fund to invest in infrastructure in the country, two sources with direct knowledge of the matter said.
Infrastructure Development Finance Company (IDFC) today said that it has alloted 3.58 lakh infrastructure bonds worth Rs 179.16 crore with a face value and issue price of Rs 5,000 each.
Shares in Infrastructure Development Finance Co (IDFC) dropped 4% as the Union Budget unveiled on Friday was seen favouring government-backed companies at the expense of those with private ownership.
Britannia Industries on Friday reported 44.8 per cent rise in net profit at Rs 54 crore for the third quarter ended December compared to the corresponding quarter last financial year.
Infrastructure Development Finance Company reported an 18.6% increase in consolidated net profit at Rs 381.2 crore for the quarter ended December 2011. In the same period a year ago IDFC's net profit was Rs 321.4 crore.
Infrastructure Development Finance Company (IDFC) has launched retail issue of long-term tax saving infrastructure bonds offering coupon rate of 8.7 per cent with maturity of 10 years.
Infrastructure Development Finance Company (IDFC) has moved 4% higher to Rs 101 after its board approved fund raising plans up to Rs 4,400 crore through issue of long term infrastructure bonds.
IDFC today said it had mopped up Rs 538.08 crore from the first tranche of its tax-saving long term infrastructure bonds from around 2.7 lakh retail investors.
Financial services group IDFC has sold 25% stake in its mutual fund business to French major Natixis Global Asset Management (NGAM) for an undisclosed amount.
Infrastructure Development Finance Company (IDFC) is expecting good retail investor participation from smaller towns to its long term infrastructure bonds.
Infrastructure Development Finance Company (IDFC) today said it is looking at just about 15% growth in loan disbursements in 2011-12, sharply down from the last fiscal, but expects to grow at a faster rate from next year.
At a time when the investment cycle has slowed globally, Mumbai-based Infrastructure Development Finance Company (IDFC) said it planned to step up foreign currency borrowing.
For almost two years, the Indian mutual fund industry has been reeling under the pressure of declining assets under management and number of folios, especially in the equity segment. On top of that, the weak market sentiment has only added to its woes.
India Infrastructure Finance Company Ltd (IIFCL), Infrastructure Development Finance Company Ltd (IDFC) and Life Insurance Corporation (LIC) have entered into a memorandum of understanding (MoU) for investing up to Rs 30,000 crore in 2011-12 in the
Infrastructure Development Finance Company (IDFC) today said it was in talks to buy the entire stake of the country's largest real estate player DLF in an IT park in Noida in Uttar Pradesh.
Infrastructure lender IDFC has said that its first quarter disbursements have slowed down as compared to the same period last year due to delays in implementing infrastructure projects, especially in the power and roads sector.
